Capitalism Loosed! Small Business Growth Can Save Economy

I do not understand why the Obama Administration does not enhance job creation via small business development and entrepreneurial start-ups and expansion.

This could be done quickly by providing a Federal tax credit of $10 million to all businesses. Hopefully, state governments would follow suit.

This action would enable small start-ups and innovators to hire the manpower required for their respective endeavors. It would enable them to make ends meet during the costly and critical start-up period.

Large companies could also be encouraged to invest in improved customer service and market and product development by extending the tax credit to them as well.

Clearly, something must be done to enhance private sector business development and employment. Our current path is suicidal. As is evident, the public at large is disturbed by the failure of the Obama-Administration to stimulate job creation.

What I’m suggesting here is quick, simple, easy, affordable, and virtually self-funding – and frankly, it’s a no-brainer. It encourages capitalist principles to get to work rebuilding the American economy.

Gary North has said.

(It) is incorrect (to say) that Capitalism is immoral. Capitalism follows (Adam) Smith’s lead: to be successful, a producer must serve the customer. You must appeal to (the customer’s) self-interest. This is surely moral. It is anti-coercive. It does not rely on a badge and a gun to extract wealth from someone else.

We mustn’t allow the nay-sayers to call misuse of legitimate capitalism “Crony Capitalism” when it really is Crony Corruption. In fact, it isn’t Capitalism at all. Constitutional, competitive, free-market Capitalism is the most effective force for prosperity for the greatest number. Those of us who know that are playing into the hands of the Socialists when we subscribe to the “Crony Capitalism” label. It is Crony Corruption!

The president needs to meet immediately with congressional representatives – to reject Crony Corruption and implement this pro-Capitalism, job-creating tax credit effective in fiscal 2015.

And one more thing, this should not be a temporary program – or one complicated by bureaucratic encumbrances. Free enterprise will work if the government would simply get out of the way and permanently liberate the funds required for American job creation.
Contrast that suggestion to what Obama is actually promoting: according to a Harvard professor: Obamacare will cost the economy $800 billion a year. This is substantially more than what the Obama administration had promised.

About the author: William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.